ET Intelligence Group: Hyderabad based Hariom Pipes plans to raise Rs 130 crore through a fresh issue of shares for future capital expenditure, to pay for working capital and for general corporate purposes. After the IPO, the promoter stake will reduce to 66% from 99%.
The company reported a strong growth over the past two years with double-digit margin and return ratios. However, the issue seems to be aggressively priced considering the small
